Real Estate Investing in North Miami Beach, Florida (33162)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33162 (North Miami Beach, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.3% vacancy may signal weakening demand.
What’s happening in North Miami Beach, FL (33162)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33162 North Miami Beach
ZIP 33162 inside Miami-Dade County looks affordable on the surface — median value of $472K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 33162 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 33162's metrics run below Miami-Dade County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 33162 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 33162 is an operator game, not a passive one. From an investor standpoint, entry prices of $472K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in North Miami Beach:
Property Strategy for 33162
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $133,894 | $1,730 | 9.3% | +6.3% | $133,894 |
| 2BR | $373,185 | $2,110 | 4.1% | +10.2% | $186,592 |
| 3BR | $508,857 | $2,710 | 3.8% | +9.7% | $169,619 |
| 4BR | $596,105 | $3,130 | 3.8% | +10.5% | $149,026 |
| 5BR | $820,195 | — | — | +12.7% | $164,039 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33162 Compare?
| Metric | 33162 | North Miami Beach | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $472,330 | $495,391 | N/A | $374,697 |
| 5-Year CAGR | 7.2% | 5.7% | N/A | 7.4% |
| Avg Rent | $2,262 | $2,671 | N/A | - |
| Cap Rate | 3.7% | 4.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33162 (North Miami Beach, FL). Anonymous, moderated, never written by AI.
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Property managers serving Miami-Dade County
Manage rentals here? List your business →Cadisa Inc. specializes in delivering reliable, hands-on property management solutions for condominium associations, commercial buildings, and multifamily communities across South Florida, with a focu summary from their website
Florida Property Management Strategies is a boutique community association management firm serving select communities in Miami, built on responsiveness and supported by systems for smooth community op summary from their website
Maxima Property Management Inc. offers property management, real estate brokerage, second home management, and vacation rental management services in South Florida, including Pompano Beach, Fort Laude summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $472,330 |
| Monthly Rent | $2,262 |
| Price-to-Rent | 17.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.7% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +1.5% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +7.2% ▲ |
| 10-Year CAGR | +10.0% ▲ |
🏠 Rent Trends
| 1-Year | +0.7% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +5.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 33162
Population: 46,578
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 33162
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
NORWOOD ELEMENTARY SCHOOL
NORTH MIAMI ELEMENTARY SCHOOL
ARCHCREEK ELEMENTARY SCHOOL
HIBISCUS ELEMENTARY SCHOOL
LINDA LENTIN K-8 CENTER
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How does North Miami Beach, FL rate as a rental market?
Our data puts North Miami Beach, FL at 3.0/5 for investability. Home prices of $472K and rents around $2,262/mo create a solid backdrop for investor activity.
Does North Miami Beach, FL favor landlords or tenants?
North Miami Beach, FL falls under FL landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much is rent in North Miami Beach, FL?
Average rent in North Miami Beach, FL is approximately $2,262/mo per month. Against $472K home values that yields a reasonable rent-to-price ratio.
Do landlords face vacancy issues in North Miami Beach, FL?
North Miami Beach, FL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Can I live-in-and-rent in North Miami Beach, FL?
North Miami Beach, FL offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,262/mo rent level.
You know 33162 now. You don’t know where it ranks.
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How 33162 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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